Rihanna Becomes America’s Youngest Self-Made Billionaire Woman

Pop music singer, Robyn Rihanna Fenty popularly known as Rihanna emerged as the youngest self-made billionaire woman in America with a net worth of $1.4billion.

The 34-year-old Barbadian native and Fenty Beauty CEO graced Forbes’ annual list of America’s self-made women for the third year in a row.

This year, she ranked 21st on the list and is a billionaire under the age of 40. The outlet estimated her net worth comes mostly from her music, cosmetic and fashion ventures; Fenty Beauty, Fenty Skin and Savage X Fenty.

Kim Kardashian, 41, is the the second youngest billionaire on the list, landing at spot 18 with $1.8 billion.

In March, Bloomberg reported Savage X Fenty lingerie was working with advisors on an IPO that could potentially be valued at $3 billion. Rihanna owns 30% of that company.

She also owns half of Fenty Beauty, which generated $550 million in revenue in 2020. The other half of the company is owned by French luxury fashion conglomerate LVMH (Moët Hennessy Louis Vuitton).

The numbers are impressive, but Rihanna has said that her focus is not on valuations and accolades.

In 2019, she told The New York Times’ T Magazine that because she never planned on making a fortune, reaching financial milestones was “not going to stop me from working.”

The nine-time Grammy Award winner also said she wants to give that money away to causes that matter, anyway.

“My money is not for me; it’s always the thought that I can help someone else,” she said. “The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.”